ARIEL RE SERVICES HOLDINGS (NO 1355) LIMITED

1. ARIEL RE SERVICES HOLDINGS (NO 1355) LIMITED 2021-01-12 → present
2. HOLDCO (NO. 1355) LIMITED 2020-09-30 → 2021-01-12

Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers

Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.

Accounting basis

IFRS

Reporting scope

Consolidated group

Auditor

Ernst & Young LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubts on the Group and Parent Company's ability to continue as a going concern for a period of twelve months from when the financial statements are authorised for issue.”

Group structure

1. ARIEL RE SERVICES HOLDINGS (NO 1355) LIMITED · parent
   1. Ariel Re Bda Limited (ARBL) 100% · Bermuda · Manage Services to Ariel Re Syndicates
   2. Ariel Re Hong Kong Limited (ARHK) 100% · Hong Kong · Manage Services to Ariel Re Syndicates
   3. Ariel Re Managing Agency Limited (ARMA) 100% · U.K. · Ariel Re Syndicates' Managing Agency
   4. Ariel Re Management Services Limited (ARMS) 100% · U.K. · Employer of Ariel Re UK colleagues
   5. Ariel Re UK Limited (ARUK) 100% · U.K. · Manage Services to Ariel Re Syndicates

Significant events

• “On the 7 January 2025, a series of devastating wildfires started in Los Angeles, which quickly spiralled out of contral due to drought conditions and strong winds. The event is expected to trigger material losses which will lead to reduced profit commissions recognised by the Company on its 2024 year of account. On the 10 January 2025, $10 million of the Note Receivable was repaid.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

14

last 12 months

Capital events

2

last 24 months

Officers appointed

1

last 12 months

Officers resigned

1

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.

• Turnover

  +2.5%

  £106,239,437 → £108,942,921

• Cash

  -6.6%

  £33,625,649 → £31,415,122

• Net assets

  +67.6%

  £79,372,128 → £133,041,512

• Employees

  —

  Not reported

• Operating profit

  +4.7%

  £51,699,778 → £54,120,089

• Profit before tax

  +6.2%

  £48,305,411 → £51,283,173

• Wages

  +19.9%

  £13,393,625 → £16,056,338

Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers